{"id":12960,"date":"2010-10-20T09:00:28","date_gmt":"2010-10-20T16:00:28","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=12960"},"modified":"2010-10-20T08:54:45","modified_gmt":"2010-10-20T15:54:45","slug":"redfin-september-sales-pre-frozen-for-winter","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/10\/20\/redfin-september-sales-pre-frozen-for-winter\/","title":{"rendered":"Redfin: September Sales Pre-Frozen for Winter"},"content":{"rendered":"

Full disclosure: The Tim is employed by Redfin<\/a>.<\/span><\/p>\n

Last week Redfin released their September market data<\/a>. Here’s an excerpt from the narrative:<\/p>\n

“Most of my clients are taking a wait-and-see approach to buying this past month,” said Michelle Swierz<\/a>, a Redfin agent in Bellevue. “With little to no new inventory coming on the market, a lot of house hunters aren’t even finding homes they want to tour, let alone homes they would seriously consider purchasing.”
\n…
\n“Most buyers think they need to wait to start house hunting until spring when more homes are listed for sale,” said Kathryn Rion, a Redfin agent in Redmond. “But what they don’t realize is that many of the people listing their homes right now are extremely motivated to sell. There are deals to be had if you are able to move fast to pounce on an attractive listing, willing to negotiate, and can be patient with the process of searching for the right home.”<\/p><\/blockquote>\n

I agree, now through December is indeed the ideal time of year to find a good deal. If you’re not dead-set on finding that perfect “move-in-ready” dream home, you might be able to find a nice below-market deal on some stale property with a highly motivated seller. Of course, if you think that the area you’re looking in has more than another ten percent or so still to fall, it will probably be pretty hard to find a deal good enough to offset that kind of future decline.<\/p>\n

You can download the full spreadsheet from Redfin here<\/a>, and as usual, I’m going to map them here.<\/p>\n

In the map below each zip code with enough sales in September is shown as a dot, with the size of the dot determined by the number of sales in that zip code in September. Each dot is color-coded based on whichever measure you select below the map. You can view the month-over-month or year-over-year changes in inventory, sales, median prices, or median prices per square foot. There is also a county selector that allows you to narrow, expand, or modify the view to your liking.<\/p>\n

\n